In U.S. v. Chi Mei Optoelectronics, Chi Mei Optoelectronics has pled guilty and agreed to pay $220 million in criminal fines for its role in a conspiracy to fix prices of liquid crystal display panels. The U.S. Department of Justice alleged that Chi Mei and five other co-conspirators agreed during meetings, conversations and other communications to set prices for TFT-LCD panels and issued price quotations based on those agreements. As part of the conspiracy, Chi Mei exchanged sales data with other conspirators to monitor and enforce the agreed-upon prices. Chi Mei is the sixth company to plead guilty to related charges in the case. In addition, nine company executives have also been charged in the government’s on-going investigation. Chi Mei and many of the companies that have pled guilty are also defendants in an ongoing multidistrict antitrust litigation brought by direct and indirect purchasers of the panels.